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A limited liability company is the best form of business for owners who? A. are concerned about keeping their costs of production at a minimum level. B. want an outside company to handle all the business's finances. C. expect to eventually grow their company to compete nationally. D. wish to reduce their financial responsibility without incorporation. Which of the following may occur as a result of an increase in the price of cell phones? A. increase in supply B. increase in quantity supplied C. decrease in supply D. decrease in quantity supplied In a specific industry, two dominant firms work together to set prices. We call this A. competition. B. collusion. C. market dominance. D. market influence.
Suppose that in response to a foreign crisis, the goverment increases defenst spending to $50 billion. How would the increase in defense spending affect the economy How would the effects differ depending on the size and sign of the output gap when..
Explain how country A with comparative advantage in boot making and country B with comparative advantage in wine making can gain from trade with each other. Include in your explanation from where the gains are coming.
Determine the market structure in which the low-calorie food company operates and analyze short-run and long-run production and cost functions.
Identify the market structure(s) for the products listed Is advertising is associated with the identified market structure(s). If so, explain why advertising and/or product differentiation is important to this particular market structure.
Describe how the market for corn would be influenced if ethanol, a corn derivative was used to fuel cars in US. How would market be influenced if a new technology caused corn farming to be more efficient?
Think that the following entry game. Here, company B is an existing company in the market, and company A is a potential entrant. Company A must decide whether to enter the market or stay out of the market.
Think that the following data for a simultaneous move game. If you advertise and your rival advertises, you each earn $5 million in profits.
which of the three funding measures would you support and why- what economic and societal factors affect the demand and pricing of healthcare services in today's market?
what are the trade offs involved between current and future consumption/production? In the absence of government intervention, would we expect the consumers/producers to make optimal intertemporal decisions?
The Federal Reserve buy $100 million worth of government securities in open market. If the required reserve ratio is .6, determine the maximum possible increase in the money supply?
Differentiate the real exchange rate and the nominal exchange rate and describe two reasons why purchasing power parity does not hold for all goods and services.
Do consumers of public goods have the same incentives to reveal their true valuations of Public goods as they do of Private goods? Why or why not?
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